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INEI: Mining and hydrocarbons fell 5.80% year-on-year in July 2022

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In July of this year, the mining and hydrocarbons sector fell by 5.80% compared to the same month of the previous year. This unfavorable behavior was influenced by the negative performance of the subsectors that comprise it, reported the National Institute of Statistics and Informatics (INEI).

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The entity detailed in its latest technical report “Situational progress of economic activity”, which metal mining activity decreased by 6.16% due to lower extracted volumes of molybdenum (-15.5%), silver (-15.4%), copper (-5.8%), zinc (-2.9% ), gold (-2.8%) and iron (-2.5%); while the production of tin (13.6%) and lead (0.2%) grew.

For its part, the hydrocarbons subsector fell by 3.38% due to the lower exploitation of natural gas liquids (-15.7%). However, the production of natural gas (18.9%) and crude oil (2.5%) increased.

Fishing sector grew more than 29% in July

In the seventh month of the year, The production of the fishing sector increased by 29.03% when compared to the similar month in 2021. The result is explained by the greater capture of species of maritime origin (38.65%), according to the INEI.

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The anchovy fishery for indirect human consumption (fishmeal and fish oil) stands out, which registered a volume of 438,032 tons, compared to the 197,476 tons reported in July 2021, which meant an increase of 121.82%.

On the contrary, landings for direct human consumption decreased 14.25% as a result of the lower capture of species destined for the preparation of frozen (-25.4%), cured (-47.0%) and for consumption in state fresh (-2.5%). In addition, the fishing of continental origin was reduced by 25.15%, due to the lower extraction of species oriented to consumption in fresh state (-44.9%).

Behavior of imports in the seventh month of the year

On the other hand, andl INEI detailed that the total amount imported in July was US$ 5,379 million and grew by 23.50%, with respect to the value registered in July 2021, according to information available as of August 18 of this year.

This positive result was influenced by the greater import of raw materials and intermediate products, reaching US$ 2,975 million, which represents an increase of 43.26% compared to what was obtained in July of last year. Likewise, the value of imports of consumer goods totaled US$ 1,132 million and showed an increase of 17.52%. However, imports of capital goods and construction materials amounted to US$ 1,273 million, with a negative variation of 3.16%.

Source: Larepublica

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